CHICAGO — The Chicago Park District will enter the market as soon as Thursday with a roughly $31 million refunding, boosted by an upgrade to just below triple-A in recognition of its improved balance sheet from the cash windfall it received from the leasing of its downtown parking garages last year.

The deal includes four series of general obligation limited and unlimited tax refunding bonds for savings. Morgan Stanley is the underwriter. Fitch Ratings upgraded the district’s rating on a total of $800 million of GOs one notch to AA-plus, while Moody’s Investors Service affirmed its Aa3 rating and Standard & Poor’s affirmed its AA.

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